Thursday, July 9
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Topic: avalanche

A payment card being used at a contactless terminal
New Crypto
Thursday, 7/9, 07:37 AM

Hyundai Card Settles a Cross-Border Payment in Minutes Using a Stablecoin

  • Hyundai Card, South Korea's leading credit-card company, says it moved $20,000 between two Hyundai units in the US and Mexico in about seven minutes using Tether's stablecoin on the Avalanche blockchain, a task it says normally takes hours by bank wire.
  • It is a small but concrete example of a traditional finance firm testing crypto rails for real-world payments.

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